Richmond Fed Chairman Thomas Barkin told MNI Market News on Tuesday that it could be argued that inflation has made substantial progress, Reuters reported.
Featured statements
“We are looking closely at rents, the demand for goods to measure inflation.”
“We are ready to start tapering off as soon as additional substantial progress is made in employment.”
“I have a preference for the less dramatic way of diminishing.”
“I expect to see really good employment figures in August and September.”
Market reaction
The dollar continues to outperform its main rivals following these comments and the US dollar index last rose 0.25% on the day to 92.10.
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